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Fraud prevention platform Bureau raises $30 Mn in Series B round

EntrackrEntrackr · 6m ago
Fraud prevention platform Bureau raises $30 Mn in Series B round
Medial

Risk intelligence platform Bureau has raised $30 million in Series B funding, led by Sorenson Capital. The round also witnessed participation from PayPal Ventures, along with existing investors including Commerce Ventures, GMO Venture Partners, Village Global, Quona Capital, and XYZ Ventures. The company had previously raised $20.7 million from its existing investors. The proceeds will be utilized to enhance its product portfolio, bolster talent acquisition, scale its go-to-market team, and expand its geographical reach to empower global financial ecosystems, Bureau said in a press release. Founded in 2020 by Ranjan R Reddy, Bureau is an AI-powered platform that delivers real-time, contextual fraud prevention across the entire customer lifecycle, going far beyond traditional rule-based systems. Its proprietary identity knowledge graph, with over half a billion identities and behavioral data, provides actionable risk intelligence and insights, serving global enterprises across banking, fintech, gaming, e-commerce, and consumer internet platforms. According to the Bengaluru-based company, its comprehensive solution suite includes advanced capabilities in money mule detection, account takeover, fraud ring detection, onboarding compliance, and decisioning workflows. Market research indicates that global fraud losses have surged past $5 trillion annually, a 56% increase in the past decade. The fraud prevention industry is projected to grow from $44 billion to $255 billion by 2032. Bureau enables organizations to navigate complex compliance requirements while providing a seamless experience for legitimate customers. It prevents fraud while safeguarding customer retention, revenue, and growth. It competes with IDfy, SpringVerify, AuthBridge, Digio and Perfios-owned Karza.

Go Zero secures Rs 30 Cr in Series A round

EntrackrEntrackr · 3m ago
Go Zero secures Rs 30 Cr in Series A round
Medial

Snippets Go Zero secures Rs 30 Cr in Series A round Ice cream brand Go Zero has raised Rs 30 crore (around $3.4 million) in its Series A funding round from existing investors DSG Consumer Partners, Saama Capital, and V3 Ventures Ice cream brand Go Zero has raised Rs 30 crore (around $3.4 million) in its Series A funding round from existing investors DSG Consumer Partners, Saama Capital, and V3 Ventures. Subtle participation also came from notable investors Aman Gupta (through Shark Tank India) and Namita Thapar (outside the tank). With this round, Go Zero has raised a total of $6 million to date. Earlier in June 2024, Go Zero raised $1.5 million in its follow-on pre-Series A funding round from DSG Consumer Partners, Saama, and V3 Ventures. The proceeds will be used to fuel supply chain expansion, innovation in product offerings, and brand growth as Go Zero continues its expansion on quick-commerce platforms in tier I and tier II markets. Founded by Kiran Shah, Go Zero has a diversified product portfolio featuring low-calorie, high-protein, and vegan ice creams. The startup claims that all its products are sweetened with plant-based sweeteners, which are low in calories. Since its inception in July 2022, Go Zero claims to have offer 100% sugar-free products with 50% fewer calories than traditional ice creams. The brand has achieved 5X revenue growth in its second year and 3X in the third. Despite January being the off-season for ice cream sales, Go Zero recorded its highest-ever sales in January 2025, crossing Rs 5 crore in revenue. With a strong presence across Mumbai, Delhi, Pune, Bangalore, and Hyderabad, Go Zero is also set to launch new guilt-free formats, including kulfi sticks and cassata. The firm currently operates two manufacturing units in Mumbai and Bangalore. Go Zero competes with Hangyo Ice Cream, Hocco, and NIC. In 2023, NIC raised $11 million in a funding round led by Jungle Ventures, while Hocco also secured $12 million from the Chona family and other investors. Meanwhile, Hangyo Ice Cream secured India's largest venture funding for an ice cream brand, raising $25 million from Faering Capital in August last year.

HexaHealth secures fresh funds led by Orios VP

EntrackrEntrackr · 2m ago
HexaHealth secures fresh funds led by Orios VP
Medial

Healthcare platform HexaHealth is set to raise Rs 37 crore (approximately $4.3 million) in its ongoing Series A round led by Orios Venture Partners with the participation of Enzia Ventures and existing investors including 3one4 Capital, Chiratae Ventures, and Omidyar Network. The board at HexaHealth passed a special resolution to issue 49,941 Series A3 compulsory convertible preference shares at an issue price of Rs 6,848 to raise the aforementioned sum, as per its regulatory filing. Orios Venture Partners will lead the round with an investment of Rs 12 crore, followed by Enzia Ventures contributing Rs 6 crore. Other investors, including 3one4 Capital, Chiratae Ventures, ITI Growth Opportunities Fund, and Omidyar Network, will each invest Rs 4 crore. The proceeds will be used for working capital, marketing, and general corporate purposes. Post-allotment, the company's estimated valuation is Rs 314 crore (approximately $37 million). Founded in 2021 by Vikas Chauhan, Ankur Girgas, and Aman Khanna, HexaHealth offers a full-stack solution for patients requiring surgery by partnering with leading hospitals. HexaHealth has raised $11.5 million to date, including a $4.5 million seed round in September 2021.

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